The Daily times. [volume] (Richmond, Va.) 1886-1889, 1887-06-16
NEWS BY TELEGRAPH.
HAPPENINGS 1T NOM iND iBROAD
IS SENT OVER THE WIRES.

10 ON 4 ~ m a AfiE " fhft's
irving to Save the Market A Dramatic
Scene In a Chicago Banking House Yes
terday Morning 4 Terrible Forty Eight
Hour Strain Liberal Orders Ia BUY.
Chicago. June lj-There was a sensa-
tiOnal and dramatic council at the Amer
ican Exchange National Bank this morn
ing Ii began at : o'clock, and settled
the fate of to-day's market There were
present Joe Wiltshire, of Cincinnati,
middle sized. sWarthy man; Eggleston,
Kershaw's special partner, whose fortune
is at stake now because it is claimed, he
has been active I'm the business was there.
Kershaw's face showed lines made by
A TERRIBLE FORTY-EIGHT-HOUR STRAIN.
President d. W Irein, of the bank, and
of the firm of Irwin, Green X Co, was
the most determined looking man Of the
lot Cashier De War, Of the bank, and
several of the directors were present
This consultation began just Rs soon as
Wiltshire got of the Cincinnati train at
the foot of Lake street and hurried To the
bank He was accompanied by good
looking. smOoth-faced young fellow,
whose sack coat bulgcd as clerks coats
sometimes no when they are hurrying 10
the bank 20 make deposits The pair AT
once entered the bank and the directors
room. where the others were to meet
them
4 STRIKING SCENE.
The scene presented will not soon be
forgotten Kershaw was busy writing
Ills face was haggard, but the man looked
brave. EgglesiOn's face was a study
too. AS he sat in this interview. The per
spiration dropped from his brow, and
his great red beard was awry. Wiltshire
al = o'clock left the bank aud walked 90
the corner of Dearborn and Monroe
streets. where he met the young fellow
who had accompanied him on the train
and who had before this left the bank
for the Richelieu Hotel The young fel-
lows pockets bulged again The two
entered the bank, and in thirty minutes
more the council was over kershaw
had the money TO pay his differences and
to margin the market Immediately after
the opening of the board of trade the
secretary raped for silence II was a
difficult thing to obtain, but when hc
finally prevailed he read the following
Gentlemen We are prepared to pay
all our clearing house differences and 10
margin below the market
G.. j. kERsHAW X Co"
A YELL or DELIGHT
broke 0ut at this, and the galleries, which
were crowded TO suiIocation by ladies,
responded by the waving Of handker-
chiefs The few announcements Of sey-
eral small failures that followed did not
count The board Of trade directors held
special session before the opening of
Change to-day, for the purpose of de.
Gliding whether or not TO take any action.
10 was thought when the meeting was
called that it would be best 10 adjourn
The board for d day in order 10 allow the
excitement TO cool of, but il was finally
decided that no action was necessary.
LIBERAL ORDERS 10 BUY COMING N.
CmcAGo, June %, ll:2O a.m-Liberal
orders 20 bus wheat are coming in from
outside points. and the market Is bccom-
ing stcadier July sold mp 20 ~, and is
now quoted at ,3i, with stronger ten.
dency. July corn, 3Gs july oats, 2jf
July lard, 6l5.
tmcAG0. June ij.- kershaW x Co.'S
failure to day created another sensation
on Change II was caused by Rosenfeld
/ & Co making rush ON them
At llj2 am July wheat was sent
down To- ,2ii from there It dropped 10
/ l2t. then 20 g. then to /, then 10 y cents.
( then 90 Fl &, and then, in one jump, to II
cents Another drop of "A cent was re-
corded al two minutes past noon, when
/ the market touched 1Ol From this point
10 declined to 20 then recovered iR
I jumps Of &c. to 1Oi and y cents, then back
10 ,O4, and at 1911 pm. was ia for July
and II for June.
The failures Of s. VI Robinson Crafts
IS Co. J. B McCleary and others came
rapidly in succession during the morning.
/ The excitement in the pit is intensity.
/ ing, and The bears are sa.agely raiding
/ the market
MORE FAILURES
CmcAGo, June -, - M -Four more
/ failures have just been announced ON
/ Change The drms are I. y. Balding &
/ Co., Crosby y Co., llibbard & Co., and
/ NJ B. Crafts Balding * CO. claim 10 be
even ON the market
The suspension Of llibbard a Co aud
/ Crosby x Co. caused some surprise. a.
both came Unexpectedly. IIibbard y Co
claim 10 be solvent July wheat declined
to 73tc.